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Tiong Woon
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Tiong Woon
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james87
Master |
10-Dec-2012 16:26
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I agree this counter is quite stable and good to keep.  | ||||
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ynnek1267
Master |
10-Dec-2012 16:25
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Today price look good, touching 30cents. More to come tomorrow. |
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ynnek1267
Master |
26-Nov-2012 09:21
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I  bought in at 27cents, has 9% profit. Today volume look good. I almost forget Tiong Woon which bring fortune to me in 2009. Thanks for your FA and reminder.
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khng2012
Master |
23-Nov-2012 21:11
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My last FA and last disclose position. my Average price of Tiong Woon is at 27 to 27.5cents.
Let's see how tiong woon can go in next 3 months. |
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khng2012
Master |
23-Nov-2012 20:50
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Please read date of my FA post.
Grammar poor? I have to say sorry to my English teachers. but luckily I was engineering undergraduate, poor english didn't give me much problem. But your eyesight definitely has problem.
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wanglausern
Senior |
23-Nov-2012 19:16
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I think you bluffed me that you attended university. If you really did, why is your simple English grammar so poor? Tiong Woon was at 26.5 cents and not Tiong Woon is at 26.5 cents.
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khng2012
Master |
23-Nov-2012 17:24
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When I post this FA, Tiong Woon is at 26.5cents. Be fair to me when you make any conclusion. Anyway, no more FA from me. Still wish all of you can earn from Share trading.
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khng2012
Master |
23-Nov-2012 17:21
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Whatever...
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wanglausern
Senior |
23-Nov-2012 17:17
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Follow the koyok vendor if you wanna go to Horlan.
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khng2012
Master |
23-Nov-2012 17:09
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close at 29cents. My last FA, China fishery and Tiong Woon  in this forum. No more contribution. Hope Tiong Woon will fly. |
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khng2012
Master |
23-Nov-2012 12:14
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up and down between 26.5 to 28.5cents for another 3 months. Tiong Woon will only chiong after 2Q result release to confirm the industry is recovering... Very undervalued. |
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khng2012
Master |
22-Nov-2012 20:01
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Buy tiong woon who involved in Myanmar and Vietnam actively too.
Tiong woon is safe and no speculation. Shooting up soon. |
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khng2012
Master |
22-Nov-2012 10:24
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Hard to find evaluation for Tiong Woon but Tat Hong evaluation will be good reference to the industry. UOBKayhian on 22 Nov 2012 Valuation ·                  Tat Hong (TH) is trading at 10.7x FY13F PE based on Bloomberg’s consensus estimates with a dividend yield of 2.3%. ·                  Share price catalysts include an improvement in margins, utilisation rates and strong quarterly earnings for the next two years. With the new funding in place, TH should be looking to expand its fleet of mobile and tower cranes. The company placed out 70m shares at S$1.20/share in Sep 12.  Investment Highlights ·                  Recovery from slump. The group went through a rough patch in FY11 with earnings falling drastically as its Australian operations were hit by floods, keen competition had eroded margins and TH had to take a S$6.9m impairment provision for its investment in China. Net profit fell 33% yoy to S$26.0m from S$38.6m in FY11, a far cry from the record earnings of S$89.8m in FY08. However, net profit has resumed an uptrend with 1HFY13 net profit escalating more 87.9% yoy to S$38.4m. ·                  Construction boom provides earnings visibility. Heavy equipment owners like TH will benefit from the construction boom more than main contractors, according to several channel checks. As the government rolls out infrastructure projects such as Thomson Line MRT, North-South Expressway and HDB projects concurrently, it will inevitably squeeze limited resources and increase cost pressure. According to management, TH has cranes booked for the next 18 months, which is likely to increase utilisation rates and improve margins. Rental rates have also improved 15% from the trough in 2008. ·                  Increasing fleet size to cater for stronger demand. The company will be looking to expand its existing fleet by 40-50 cranes, with capex for the next financial year budgeted at S$70m-80m. We estimate TH can recover its investment in less than four years after incorporating depreciation, maintenance and other operating costs. Utilisation rates have improved from about 60% in 2008 to the maximum 75-80%. 1HFY13 Results ·                  Revenue grew 26% yoy to S$431.3m in 1HFY13, driven by stronger demand from all its business segments. Gross margin improved by 2.0ppt to 38.2% with gross profit jumping 33.1% yoy to S$164.8m, mainly attributable to higher rentals and utilisation rates from both the crawler/ mobile crane rental and tower crane rental divisions. ·                  However, operating costs rose 26.6% yoy to S$111.8m from higher administrative expenses, distribution costs and an unrealised net forex loss of S$8.5m. Net profit increased 87.9% yoy to S$38.4m from S$20.4m in 1HFY12 |
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khng2012
Master |
21-Nov-2012 15:47
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Sin Heng is gradually moving up bit by bit. Tiong Woon will cheong soon. Strong buy for Tiong Woon with the price range of 26.5cents to 28.5cents. Don't miss the boat. |
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khng2012
Master |
20-Nov-2012 10:35
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Volume is low. Don't miss the boat, just take some with current low price. |
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khng2012
Master |
15-Nov-2012 17:42
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Tiong Woon  FA analysis 1) NAV = 48.6cents which is much higher than 26.5cents today closing price 2) Last Q report profit of 4mil which is about Quarter PE of 7.5 3) Peer competitors in SG, Tat Hong (Singapore leader) is trading at 1.34 with NAV of 1.1 and Quarter PE of 10 and Sin Heng is trading at 0.20 with NAV of 0.20 and PE of 7. 4) Last quarter show that Tat Hong, Sin Heng and Tiong Woon revenue and profit margin are improved. This show that the heavy lift service profit margin are improved and 2013 will be their harvest year. 5) Tiong Woon is one of the company exposed in Myammar but doesn't join the Myammar play due to its poor perfomance in 2012. 6) Tat Hong is running ahead from 75 cents to 1.34dollars due to the industry operational environment is improved.  Sin Heng and Tiong Woon will follow behind soon. But Top pick as Tiong Woon due to higher potential of share gain as per its current price, higher asset of facilities and etc. 7) Current project on hand are going to make Tiong Woon to be successful in 2013, Singapore Project like SembMar Mega Yard in Tuas and Hyflux desalination plant are belong to Tiong Woon. Tiong Woon also has project in Middle East, India, and South East Asia.
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khng2012
Master |
15-Nov-2012 17:16
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If fiscal cliff is resolved on this friday, anybody expect 50% bounce up in 3 to 6 month. You can consider Tiong Woon since its result turn better and current projects are moving to harvest period with slighly higher profit margin. I am vested. |
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khng2012
Master |
05-Nov-2012 15:43
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Result announce soon may be this week or next week. Profit guidance is not issued, any chance for this counter to rise as Tat Hong? | ||||
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bishan22
Supreme |
28-Sep-2012 09:13
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Hope the interest can last. Been holding it since April. Good luck.  ![]()
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derekchong
Master |
28-Sep-2012 09:10
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haha moving up fast and fierce on high volumn. keep it up. |
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